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CBN latest news - Page 25

CBN Places Service Restriction On PoS Agents Across Nigeria

CBN’s Emefiele Says Old Naira Deadline Forcing Hoarders To Deposit Funds

Over N1.9 billion has been recovered from Naira hoarders, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has disclosed. The central bank had disclosed out of N3.3 trillion local currency in circulation, N2.7 trillion is hoarded by Nigerians involved

January 30, 2023

Nigeria's Treasury Bills Surpass N6.6trn In 2023 Amid Economic Headwinds

Business

Just In: Emefiele Extends CBN’s Deadline For Old Naira Notes By 10 Days

The Governor of the Central Bank of Nigeria (CBN) has extended the timeframe to phase out the old Naira notes two days before the initial deadline. Prime Business Africa had reported that the old Naira notes will cease being legal tender by

January 29, 2023

Naira Opens Week With Gain Across FX Markets

Business·Currency

Naira Gains Against Dollar On Back Of Increased Interest Rate

Following the increase in Nigeria’s interest rate by the Central Bank of Nigeria (CBN), the exchange rate between the naira and dollar depreciated on Wednesday, 26 January 2023. According to the data from the FMDQ Exchange, the naira appreciated against the United

January 26, 2023

Business

Femi Gbajabiamila Threatens CBN’s Emefiele With Arrest For Disrespecting Him, Others

The Speaker of the House of Representatives, Femi Gbajabiamila, has threatened to arrest the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, for disrespecting the lawmakers. Nigeria’s lower chamber had summoned Emefiele and top directors of the central bank to

January 26, 2023

Business

Emefiele Plans To Stop Dollar Charges On Domestic Transactions

The Central Bank of Nigeria (CBN) has disclosed that domestic transactions on foreign cards will no longer be charged in dollars. CBN Governor, Godwin Emefiele, made this known during a virtual launch of the Nigerian National Domestic Card Scheme, AfriGo, on Thursday.

January 26, 2023

Cash In Circulation Up By N701.4 billion, Emefiele's CBN Loses Control Again

Business·Currency

Pure Water Sellers, Chicken Republic Announce Dates To Stop Accepting Old Naira Notes

Small and medium businesses have began to reject old naira notes, as the deadline for the banknotes to become illegal nears. Prime Business Africa had reported that the Central Bank of Nigeria (CBN) announced that 31 January 2023 will be the deadline

January 26, 2023

Eight Controversial Decisions By Godwin Emefiele As CBN Governor

Business

So Much Fuss About CBN’s N23 trillion Loan To Buhari Govt – Emefiele

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, says the apex bank’s N23 trillion loan to President Muhammadu Buhari administration for cushioning the impact of Nigeria’s dwindling revenue should not be blown out of proportion. According to Emefiele on Tuesday,

January 25, 2023

Business

New Naira: Sterling Bank Contravenes CBN Directive, Zenith Bank, Others Find Way To Avoid Sanction

Nigerian banks are in a dilemma due to the threat by the Central Bank of Nigeria (CBN) to sanction banks still dispensing old naira notes. The financial regulator had warned that any bank caught dispensing old naira notes will be fined N1

January 24, 2023

Business

Updated: Why CBN Raised Interest Rate To 17.5%, Highest In 22 Years

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) increased the interest rate to 17.5 per cent on Tuesday, 24 January 2023. This was disclosed by the central bank governor, Godwin Emefiele, during the post-MPC meeting held on Monday

January 24, 2023

Governor of Nigerias Central Bank Godwin Emefiele

Business

If Banks Give You Old Naira Notes, Reject Them – CBN Says, Issues New Warning

The Deputy Director, of Currency Operations at the Central Bank of Nigeria (CBN), Rekiyat Yusuf, has urged Nigerians to reject old naira notes dispensed to them by commercial banks. Yusuf gave the advice on Thursday during a new naira notes presentation in selected

January 20, 2023

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CBN latest news - Page 25

CBN’s Emefiele Says Old Naira Deadline Forcing Hoarders To Deposit Funds

Just In: Emefiele Extends CBN’s Deadline For Old Naira Notes By 10 Days

Naira Gains Against Dollar On Back Of Increased Interest Rate

Femi Gbajabiamila Threatens CBN’s Emefiele With Arrest For Disrespecting Him, Others

Emefiele Plans To Stop Dollar Charges On Domestic Transactions

Pure Water Sellers, Chicken Republic Announce Dates To Stop Accepting Old Naira Notes

So Much Fuss About CBN’s N23 trillion Loan To Buhari Govt – Emefiele

New Naira: Sterling Bank Contravenes CBN Directive, Zenith Bank, Others Find Way To Avoid Sanction

Updated: Why CBN Raised Interest Rate To 17.5%, Highest In 22 Years

If Banks Give You Old Naira Notes, Reject Them – CBN Says, Issues New Warning

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CBN latest news - Page 25

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